NIB and Brage Finans sign SME leasing financing deal

Nordic Investment Bank and Norway’s Brage Finans have signed a €18 million loan agreement for financing equipment leasing for small and medium-sized enterprises.

The loan programme, with a six-year tenor, will finance equipment leasing for Brage Finans’s customers - mostly small businesses in the southern, western and northern regions of Norway. Most of the company’s customers are in the construction, transport, service and industry sectors, and typical investments are in excavators, trucks, construction machinery, vehicles, and production lines.